[Opinion Article] What Happened to Europe's Collapse?

Discussion in 'Politics' started by Dr.Traveler, Sep 18, 2010.

  1. Dr.Traveler
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    Dr.Traveler Mathematician

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    What Happened to Europe's Collapse?

    By Michael Elliott, contributor

    September 17, 2010: 5:30 AM ET


    More at the link.

    Its a short read about how everyone had predicting a collapse of the EU economy. Why I find it interesting is that folks around here often point to Europe as an example of the "Failures of Socialism."

    And yet, facing one of the worst global economies in decades, Europe has hardly collapsed. It hasn't fared worse than us. If anything, in Europe they're doing better than us. The question is: Why?

    I don't honestly have an answer to that. I'm just curious to hear opinions.
     
    Last edited: Sep 18, 2010
  2. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Maybe its because, instead of spending more, they are actually cutting back social programs.

    Or maybe its just because the collapse isnt here yet.
     
  3. Dr.Traveler
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    Dr.Traveler Mathematician

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    The article goes into the fact they've had to make some hard decisions and cut programs and spending. I think that definitely was a factor in heading off any further riots like you had in Greece. We're currently having to do the same at the State budget level and will probably be forced to do so at the Federal level very soon.

    I don't buy that they've not experienced the collapse yet, but I will be honest, that is just my opinion. I've got nothing to back that up. At this point the global credit and banking crisis seems to have gone global, and I recall that earlier this year or last year (I'd have to look this up for exact dates) both Britain and Germany were looking at massive banking bailouts.
     
  4. Political Junky
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    Political Junky Gold Member

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    The EU has better healthcare, better retirement benefits, and an awesome fast rail service.
    Meanwhile our infrastructure is falling around us, while we put $Trillions into defense.
     
  5. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Then move to the EU if you love it so much.
     
  6. Trajan
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    Trajan conscientia mille testes

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    its been postponed , like ours has. BUT it appears they sense the direction to move and have taken some small steps in the right direction, will we?
    With a demographic cliff ahead of them they need to move faster than we, but not by much, our obligations are becoming greater even by comparison even as we have a longer more sustainable trend line demographically.....
     
  7. USArmyRetired
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    USArmyRetired BANNED

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    Europe is on the decline stedfast. Multiculturalism has taken over and white europeans are being bred out at a rapid rate. Muslims have rapidly moved in. Look at France and the riots. Zionist are behind this whole thing and if America doesn't watch out we will be next. Illegal Immigration is ruining this country causing chaos in the American taxpayers pocketbooks. The Jews have been wanting this for decades. David Duke was right to warn us about the Jewish dominated influence on our society and politicians.




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    Last edited: Sep 18, 2010

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